First day of the IPO | Jiang Bolong (09976) first listed in early trading, Pingkai is the second largest independent semiconductor memory manufacturer in the world

The Zhitong Finance App learned that Jiang Bolong (09976) was listed for the first time. The announcement showed that each share was priced at HK$236. A total of 29.989,400 shares were issued, 50 shares per lot, with a net proceeds of about HK$6.02 billion. As of press release, there was no increase or decrease. The report was HK$236, with a turnover of HK$323 million.

According to the prospectus, Jiang Bolong is the world's leading independent brand semiconductor memory manufacturer. Based on the company's vertical integration capabilities covering main control chip and memory chip design, firmware development, system-level packaging and testing, Jiang Bolong designs, develops, manufactures and sells a complete storage product portfolio for end-side AI and traditional consumer, enterprise and industrial grade applications.

According to Insight Consulting, in terms of revenue from storage products in 2025, Jiang Bolong is the second-largest independent semiconductor memory manufacturer among more than 100 global market participants and the largest independent memory manufacturer among more than 30 market participants in China. In 2025, Jiang Bolong occupied 1.2% of the global storage products market. Given the huge market size of the industry, this share is significant for independent memory companies.